Title:Monetary Policy and Mismeasured Inflation
Author(s):WEBER, HenningDate:2009Type of Publication:Working PaperSeries/Report no.:EUI RSCAS; 2009/44; Pierre Werner Chair Programme on Monetary UnionAbstract:I examine the standard New Keynesian model augmented with product entry and
exit. The statistical agency in the model measures product entry with a delay. Consequently,
ation departs from true, utility-based ...